Ford increases the Mustang Mach-E power

The company’s first mainstream all-electric vehicle is expected to reach more than 200,000 units per year for North America and Europe by 2023, Farley said, tripling the current price.

“Mach-E has the driving dynamics and is designed to push new buyers past just accepting electric cars for excitement,” wrote car and driver Eric Tingwall in an article on the award.

Ford said it would use the entire Cuautitlán plant, just north of Mexico City, for production. The company is working with key suppliers to increase the capacity of the Mustang Mach-E, including battery cells, battery boards and electric drive systems, add it.

In September, Ford and the South Korean-based energy company SK Innovations announced that they were investing $ 11.4 billion to build two new huge production campuses for electric vehicles. Ford has said that The $ 7 billion investment was the largest single production investment ever in the company’s 118-year history.

The Mustang Mach-E, which went on sale last year, sold 24,791 units as of November. Sales in November were up 8.4 per cent compared with October.

“On the strength of the Mustang Mach-E, Ford delivered record sales of electrified vehicles, growing more than three times faster than the total segment,” said Andrew Frick, vice president of sales in the United States and Canada, in a statement.

As more cars enter the electric car market, Tesla begins to lose market share – and Mach-E seems to be the advantage.

The company said in March that 70% of Mach-E buyers were new to Ford.

“The goal is to become the clear No. 2 manufacturer of electric vehicles in North America over the next few years,” according to a statement from Said Deep, head of North American product communications for Ford.

CNN’s Peter Valdes-Dapena and Chris Isidore contributed to this report.